Ripple traders dump XRP for $330 million profit in one day, push XRP to $0.55 Ripple traders have taken large-scale profits on their holdings at the beginning of September. The mass profit-taking contributed to selling pressure on the native token of the XRP Ledger. Bitcoin struggles around $57,000 as ETF record outflows Bitcoin extends its decline by 1.5% on Wednesday, following the rejection from the key resistance level on Tuesday and hurt by a drop in the US stock market.
This downtrend may persist if BTC falls below the $56,000 support level, especially as US spot Bitcoin ETFs saw an outflow of almost $290 million. On-chain data also shows a bearish outlook, with the long-to-short ratio falling below one. Crypto Today: Bitcoin, Ethereum crumble under selling pressure, XRP hovers around $0.55 Shares of NVIDIA erased 9.5% of their value on Tuesday and noted the largest single-day decline in market value for a single stock.
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